We'll see. There's some close alignment here. I'd be amazed if they hadn't considered it seriously. |
Couldn't see them buying SEA in any shape or form unless 2A came in on a drill result and even then it would be pricey and competitive.
Why would they pay 70p or £42m/$52m for SEA when they picked up 42% of DEWA as well as operatorship for virtually nothing/same terms as SEA - versus SEAs 28%.
They're likely to pick up something similar possibly in the next bid round at near nil cost without having to buy up SEA at that kind of money when they can both bring assets to the table and derisk them on a reasonable percentage share each.
They have enough to be doing imo with their cash flow and net debt stands at $321m end June. Their own valuation never shifted on the much greater DEWA award to them. |
Flush out shareholders and get on with it. Certainly they might start at 70p. |
Why on earth would they bid 3 x the current price ? I have never come across a takeover at. 200% premium to the prevailing share price!Makes no sense |
Enquest should just bid £1 for seascape and be done |
There is a new tweet from Seascape's official twitter account (see:
"Congratulations to our partner EnQuest for expanding gas sales from Seligi to deliver new volumes into the Peninsular Malaysia gas system to help the nation meet its increasing energy needs. Great to see EnQuest's long term commitment to Malaysia after signing the DEWA PSC alongside Seascape in October. Full release here: "
Enquest announced its expansion of the Seligi gas sales agreement on 17 December 2024. |
I see that Dr. Pierre Eliet (EVP Corporate & Business Development, Country Chair Malaysia) at Seascape was one of the technical keynote speakers at the Asia Petroleum Geoscience Conference & Exhibition (APGCE) 2024 on 20-21 Nov 2024:
Inpex were one of the "gold elite" sponsors of that conference. The host of the conference was Petronas. Enquest were in the "Corporate Pool 2" sponsors.
I would expect Seascape's potential future deal partners in Malaysia to also be among the pool of sponsors/participants in that conference. |
Yes and with just a 22m gbp market cap it should rerate without too much imminent news |
I'm not averse to trading but given Seascapes current position (still materially undervalued on its recent deals) and ability to deliver another surprise (Petronas are bringing them ideas!) ..to my way of thinking its just not worth it . |
Also grabbed the last few at 34.99 |
Ahhhh Bingo Decided to put my theory to the test and buy another 20,000 |
It's a shame there's no direct mention of Seascape's ongoing farmout of Block 2A to Inpex. But I do like the following statement:
"...Other hotbeds in the region include [...] Petronas continued gas successes in Sarawak in Malaysia, where they seem to have broken the code on carbon dioxide distribution..."
One of the big advantages of Block 2A is it is outside the higher carbon dioxide distribution zone. Less carbon dioxide will make Block 2A cheaper to develop and will therefore have a more typical threshold for commerciality relative to those fields being developed in the higher CO2 zones. |
Right place at the right time.. |
Short lived drop Just too much demand for stock at present to keep it down |
Do not worry one bit Part of me is wanting it go lower so I can accumulate more. Certainly could double from here pretty quickly |
Well no Tr1's from the II placee's. I wish I had offloaded some last week! |
250k buy reported after hours last night Do not be fooled and let the market have your stock. |
Market seems keen to take stock Background buyer perhaps ? |
Always comes back to the placement price. |
Surely those shorts will have to be bought now again if it’s closed |
The short interest tracker on Research Tree now shows that the short interest on SEA changed back to zero. |
Some more PSCs being awarded by Petronas to various parties (not SEA this time).
"Looking ahead, Petronas is gearing up for MBR 2025, scheduled for the first quarter of 2025, offering significant opportunity for investors to explore Malaysia's upstream oil and gas potential."
Very good that SEA now has the available cash to pursue any such opportunities appearing in Malaysia's MBR 2025 round. |
eme , no thanks. their recent deal doesnt sit right with me.
that company is a pure gamble imo |
EME has ten bagger potential too. Do some research. Institutional buyer increased today. |
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